Fleur Hotels to Buy Mumbai Land, Incorporate Maldives Subsidiary

Fleur Hotels Limited, a material subsidiary of Lemon Tree Hotels Ltd, announced key strategic decisions following its board meeting on September 18, 2026. The company approved the purchase of a land parcel in Mumbai for future hotel development and the incorporation of a wholly-owned subsidiary in the Republic of Maldives. The subsidiary in Maldives will be in the hospitality sector, with an initial capital subscription of 2000 Maldivian Rufiyaa.